Crédit Mutuel Nord Europe: La Française Group’s reference shareholder, Crédit Mutuel Nord Europe (“CMNE”), is the leading European regional bank in Northern France. Widely recognized for its cooperative values, CMNE is present in seven regional departments north of Paris, as well as in Belgium (through the Beobank network).
Consolidated net banking income
Consolidated net profit
Consolidated total assets
CMNE is part of the Groupe Crédit Mutuel and benefits from the support of the Groupe Crédit Mutuel in terms of liquidity and solvability. Groupe Crédit Mutuel has an “A” long-term credit rating from Standard & Poor’s (December 2017) and ranks 1st in France in terms of European stress test results(1).
(1) Per stress test results disclosed on November 2, 2018.